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Report Description

Report Description

Forecast Period

2023-2028

Market Size (2022)

USD 2.25 Billion

CAGR (2023-2028)

35.6%

Market Size (2028)

USD 13.75 Billion

Fastest Growing Segment

Cloud

Largest Market

Asia-Pacific


Global 5G core market is anticipated to thrive in the forecast period 2024-2028. The rising demand for service-based and cloud-native architecture is the key factor fueling the expansion of the 5G core market. Furthermore, there are many potential for market expansion given the rising demand for 5G private networks among businesses, governments, and industrial sectors. However, the 5G core market's growth over the projected period may be slowed by worries about data security in the 5G core network along with high deployment costs.

The 5G Core is the core of 5G mobile network (5GC). It establishes a connection between end users and the network and grants them dependable and secure access to its services. Numerous mobile network functions, including connectivity and mobility management, authentication and authorization, subscriber data management, and policy management are handled by the core domain. Regardless of the underlying cloud architecture, 5G Core network services are totally software-based and cloud-native, offering better deployment agility and flexibility. Industry experts outlined how the core network should change to accommodate 5G New Radio's (NR) requirements as well as the additional use cases that 5G would make possible. They worked together to develop the 3GPP 5G Core standard for core networks (5GC).

Increasing Necessity of Cloud-Native & Service-Based Framework

The need for low-cost data storage, backup, and data protection is one of the driving forces propelling small and medium-sized organisations (SMEs). Businesses may provide better IoT services to various industrial verticals by using the cloud. The connected supply chain and intelligent manufacturing techniques heavily rely on connected and smart products. The creation of reasonably priced connected devices has also enabled manufacturers to leverage IoT technology to cut down on resource usage and increase overall productivity. IoT applications also have a low operational cost, which encourages many firms to include them into their gear in order to boost productivity and cut costs. The 5G Core offers technologies that were previously not available in mobile core networks, such as a service-based architecture (SBA), cloud-native network functions built on containers and based on microservices as well as cloud infrastructure, which collectively represent a significant technological shift. These new technologies will alter how businesses construct, manage, operate, and monetize this new core network. In order to create a 5G core market, it is essential to totally re-engineer the network and organisation from end to end, aiming for high levels of automation and agility when delivering new innovative services.

Construction Of Smart Infrastructure to Fuel the Market Demand

The rate at which 5G is implemented across the world will decide how quickly it becomes a crucial technology of smart cities. Today, cities are home to about 55% of the world's population. By 2050, the United Nations projects that this percentage will have been increased to 68%. By the same year, the population of the world's main cities will have increased by 2.5 billion due to the continued movement of people from rural to urban regions and overall population growth. In order for smart city projects to be implemented successfully, telecommunications infrastructure and its application for public safety are essential. In order for smart city projects to be implemented successfully, telecommunications infrastructure and its application for public safety are essential. Every city needs to make sure that communication channels are developed and available if it wants to realise the concept of smart cities in an open and resource-efficient way. The fundamental tenet of smart cities is that resource and operations management in so many large cities can only be economical and successful if it is automated and networked for instance driverless vehicles, remote healthcare, traffic safety management, and electric grid management. All these factors are helping in boosting the growth in the 5G core market.

Advancements in Network Infrastructure

The new 5th generation specification, known as the 5G core network framework, serves the growing demand for high connection speed performance in both developed and developing countries. The MEC framework, which is key to the 5G architectural ideas, can be used to create the software functions of virtual servers, which are another focus of the 5G core. During 2024 and 2028, the adoption of IoT applications and escalating technological advancements in machine-to-machine communication networks are projected to open up new prospects for the worldwide 5G core network market. Additionally, between 2024 and 2028, the telecommunications industry's adoption of virtual networking architecture will increase along with the expanding demand for private 5G connections among businesses, industrial sectors, and the government.


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Market Segmentation

The 5G Core market is segmented into component, deployment mode, end user, networking functions and region. By component, it is divided into solution, service. The deployment mode area segment is further categorized into cloud and on premise. Depending on end user, the market is fragmented into consumer amd enterprise. Based on networking functions, market is segmented into  AMF (Access and Mobility Management Function), SMF (Session Management Function), UPF (User Plane Function), PCF (Policy Control Function), NEF (Network Exposure Function), NRF (NF Repository Function), UDM (Unified Data Management), AUSF (Authentication Server Function), AF (Application Function), NSSF (Network Slice Selection Function) and others.

Market Player

Major market players in the global 5G core market are Affirmed Networks, Inc., NEC Corporation, Cisco Systems Inc., Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Development LP, Nokia Corporation, Oracle Corporation , Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Deployment Mode

End User

Network Functions

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Affirmed Networks, Inc., NEC Corporation, Cisco Systems Inc., Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Development LP, Nokia Corporation, Oracle Corporation , Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation .

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Global 5G Core market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            ·         5G Core Market, By Component

o   Solution

o   Services

            ·         5G Core Market, By Deployment Mode

o   Cloud

o   On Premise

            ·         5G Core Market, By End User

o   Consumer

o   Enterprises

            ·         5G Core Market, By Network Functions

o   AMF (Access and Mobility Management Function)

o   SMF (Session Management Function)

o   UPF (User Plane Function)

o   PCF (Policy Control Function)

o   NEF (Network Exposure Function)

o   NRF (NF Repository Function)

o   UDM (Unified Data Management)

o   AUSF (Authentication Server Function)

o   AF (Application Function)

o   NSSF (Network Slice Selection Function)

o   Others

            ·         5G Core Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§     India

§     Japan

§     South Korea

§     Australia

§     Singapore

§     Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 5G Core market.

Available Customizations:

Global 5G Core market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global 5G Core market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.       Markets Covered

1.2.2.       Years Considered for Study

1.2.3.       Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Impact of COVID-19 on Global 5G Core Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Major Challenges Faced

5.4.  Technological Awareness

6.    Global 5G Core Market Outlook

6.1.  Market Size & Forecast

6.1.1.       By Value

6.2.  Market Share & Forecast

6.2.1.       By Component (Solution, Service)

6.2.2.       By Deployment Mode (Cloud, On Premise)

6.2.3.       By End User (Consumer, Enterprises)

6.2.4.       By Network Functions (AMF (Access and Mobility Management Function), SMF (Session Management Function), UPF (User Plane Function), PCF (Policy Control Function), NEF (Network Exposure Function), NRF (NF Repository Function), UDM (Unified Data Management), AUSF (Authentication Server Function), AF (Application Function), NSSF (Network Slice Selection Function) and others)

6.2.5.       By Region

6.2.6.       By Company

6.3.  Market Map

7.    North America 5G Core Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.       By Component

7.2.2.       By Deployment Mode

7.2.3.       By End User

7.2.4.       By Network Functions

7.2.5.        By Country

7.3.  North America: Country Analysis

7.3.1.       United States 5G Core Market Outlook

7.3.1.1.                Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.                Market Share & Forecast

7.3.1.2.1.             By Component

7.3.1.2.2.             By Deployment Mode

7.3.1.2.3.             By End User

7.3.1.2.4.             By Network Functions

7.3.2.       Canada 5G Core Market Outlook

7.3.2.1.                Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.                Market Share & Forecast

7.3.2.2.1.             By Component

7.3.2.2.2.             By Deployment Mode

7.3.2.2.3.             By End User

7.3.2.2.4.             By Network Functions

7.3.3.       Mexico 5G Core Market Outlook

7.3.3.1.                Market Size & Forecast

7.3.3.1.1.             By Value 

7.3.3.2.                Market Share & Forecast

7.3.3.2.1.             By Component

7.3.3.2.2.             By Deployment Mode

7.3.3.2.3.             By End User

7.3.3.2.4.             By Network Functions

8.    Asia-Pacific 5G Core Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.       By Component

8.2.2.       By Deployment Mode

8.2.3.       By End User

8.2.4.       By Network Functions

8.2.5.       By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.       China 5G Core Market Outlook

8.3.1.1.                Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.                Market Share & Forecast

8.3.1.2.1.             By Component

8.3.1.2.2.             By Deployment Mode

8.3.1.2.3.             By End User

8.3.1.2.4.             By Network Functions

8.3.2.       India 5G Core Market Outlook

8.3.2.1.                Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.                Market Share & Forecast

8.3.2.2.1.             By Component

8.3.2.2.2.             By Deployment Mode

8.3.2.2.3.             By End User

8.3.2.2.4.             By Network Functions

8.3.3.       Japan 5G Core Market Outlook

8.3.3.1.                Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.                Market Share & Forecast

8.3.3.2.1.             By Component

8.3.3.2.2.             By Deployment Mode

8.3.3.2.3.             By End User

8.3.3.2.4.             By Network Functions

8.3.4.       South Korea 5G Core Market Outlook

8.3.4.1.                Market Size & Forecast

8.3.4.1.1.             By Value 

8.3.4.2.                Market Share & Forecast

8.3.4.2.1.             By Component

8.3.4.2.2.             By Deployment Mode

8.3.4.2.3.             By End User

8.3.4.2.4.             By Network Functions

8.3.5.       Australia 5G Core Market Outlook

8.3.5.1.                Market Size & Forecast

8.3.5.1.1.             By Value 

8.3.5.2.                Market Share & Forecast

8.3.5.2.1.             By Component

8.3.5.2.2.             By Deployment Mode

8.3.5.2.3.             By End User

8.3.5.2.4.             By Network Functions

8.3.6.       Singapore 5G Core Market Outlook

8.3.6.1.                Market Size & Forecast

8.3.6.1.1.             By Value 

8.3.6.2.                Market Share & Forecast

8.3.6.2.1.             By Component

8.3.6.2.2.             By Deployment Mode

8.3.6.2.3.             By End User

8.3.6.2.4.             By Network Functions

8.3.7.       Malaysia 5G Core Market Outlook

8.3.7.1.                Market Size & Forecast

8.3.7.1.1.             By Value 

8.3.7.2.                Market Share & Forecast

8.3.7.2.1.             By Component

8.3.7.2.2.             By Deployment Mode

8.3.7.2.3.             By End User

8.3.7.2.4.             By Network Functions

9.    Europe 5G Core Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.       By Component

9.2.2.       By Deployment Mode

9.2.3.       By End User

9.2.4.       By Network Functions

9.2.5.       By Country

9.3.  Europe: Country Analysis

9.3.1.       Germany 5G Core Market Outlook

9.3.1.1.                Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.                Market Share & Forecast

9.3.1.2.1.             By Component

9.3.1.2.2.             By Deployment Mode

9.3.1.2.3.             By End User

9.3.1.2.4.             By Network Functions

9.3.2.       United Kingdom 5G Core Market Outlook

9.3.2.1.                Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.                Market Share & Forecast

9.3.2.2.1.             By Component

9.3.2.2.2.             By Deployment Mode

9.3.2.2.3.             By End User

9.3.2.2.4.             By Network Functions

9.3.3.       France 5G Core Market Outlook

9.3.3.1.                Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.                Market Share & Forecast

9.3.3.2.1.             By Component

9.3.3.2.2.             By Deployment Mode

9.3.3.2.3.             By End User

9.3.3.2.4.             By Network Functions

9.3.4.       Russia 5G Core Market Outlook

9.3.4.1.                Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.                Market Share & Forecast

9.3.4.2.1.             By Component

9.3.4.2.2.             By Deployment Mode

9.3.4.2.3.             By End User

9.3.4.2.4.             By Network Functions

9.3.5.       Spain 5G Core Market Outlook

9.3.5.1.                Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.                Market Share & Forecast

9.3.5.2.1.             By Component

9.3.5.2.2.             By Deployment Mode

9.3.5.2.3.             By End User

9.3.5.2.4.             By Network Functions

9.3.6.       Belgium 5G Core Market Outlook

9.3.6.1.                Market Size & Forecast

9.3.6.1.1.             By Value 

9.3.6.2.                Market Share & Forecast

9.3.6.2.1.             By Component

9.3.6.2.2.             By Deployment Mode

9.3.6.2.3.             By End User

9.3.6.2.4.             By Network Functions

9.3.7.       Italy 5G Core Market Outlook

9.3.7.1.                Market Size & Forecast

9.3.7.1.1.             By Value 

9.3.7.2.                Market Share & Forecast

9.3.7.2.1.             By Component

9.3.7.2.2.             By Deployment Mode

9.3.7.2.3.             By End User

9.3.7.2.4.             By Network Functions

10. South America 5G Core Market Outlook

10.1.   Market Size & Forecast

10.1.1.     By Value

10.2.   Market Share & Forecast

10.2.1.     By Component

10.2.2.     By Deployment Mode

10.2.3.     By End User

10.2.4.     By Network Functions

10.2.5.     By Country

10.3.   South America: Country Analysis

10.3.1.     Brazil 5G Core Market Outlook

10.3.1.1.             Market Size & Forecast

10.3.1.1.1.          By Value 

10.3.1.2.             Market Share & Forecast

10.3.1.2.1.          By Component

10.3.1.2.2.          By Deployment Mode

10.3.1.2.3.          By End User

10.3.1.2.4.          By Network Functions

10.3.2.     Argentina 5G Core Market Outlook

10.3.2.1.             Market Size & Forecast

10.3.2.1.1.          By Value 

10.3.2.2.             Market Share & Forecast

10.3.2.2.1.          By Component

10.3.2.2.2.          By Deployment Mode

10.3.2.2.3.          By End User

10.3.2.2.4.          By Network Functions

10.3.3.     Colombia 5G Core Market Outlook

10.3.3.1.             Market Size & Forecast

10.3.3.1.1.          By Value 

10.3.3.2.             Market Share & Forecast

10.3.3.2.1.          By Component

10.3.3.2.2.          By Deployment Mode

10.3.3.2.3.          By End User

10.3.3.2.4.          By Network Functions

10.3.4.     Peru 5G Core Market Outlook

10.3.4.1.             Market Size & Forecast

10.3.4.1.1.          By Value 

10.3.4.2.             Market Share & Forecast

10.3.4.2.1.          By Component

10.3.4.2.2.          By Deployment Mode

10.3.4.2.3.          By End User

10.3.4.2.4.          By Network Functions

10.3.5.     Chile 5G Core Market Outlook

10.3.5.1.             Market Size & Forecast

10.3.5.1.1.          By Value 

10.3.5.2.             Market Share & Forecast

10.3.5.2.1.          By Component

10.3.5.2.2.          By Deployment Mode

10.3.5.2.3.          By End User

10.3.5.2.4.          By Network Functions

11. Middle East & Africa 5G Core Market Outlook

11.1.   Market Size & Forecast

11.1.1.     By Value

11.2.   Market Share & Forecast

11.2.1.     By Component

11.2.2.     By Deployment Mode

11.2.3.     By End User

11.2.4.     By Network Functions

11.2.5.     By Country

11.3.   Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia 5G Core Market Outlook

11.3.1.1.             Market Size & Forecast

11.3.1.1.1.          By Value 

11.3.1.2.             Market Share & Forecast

11.3.1.2.1.          By Component

11.3.1.2.2.          By Deployment Mode

11.3.1.2.3.          By End User

11.3.1.2.4.          By Network Functions

11.3.2.     South Africa 5G Core Market Outlook

11.3.2.1.             Market Size & Forecast

11.3.2.1.1.          By Value 

11.3.2.2.             Market Share & Forecast

11.3.2.2.1.          By Component

11.3.2.2.2.          By Deployment Mode

11.3.2.2.3.          By End User

11.3.2.2.4.          By Network Functions

11.3.3.     UAE 5G Core Market Outlook

11.3.3.1.             Market Size & Forecast

11.3.3.1.1.          By Value 

11.3.3.2.             Market Share & Forecast

11.3.3.2.1.          By Component

11.3.3.2.2.          By Deployment Mode

11.3.3.2.3.          By End User

11.3.3.2.4.          By Network Functions

11.3.4.     Israel 5G Core Market Outlook

11.3.4.1.             Market Size & Forecast

11.3.4.1.1.          By Value 

11.3.4.2.             Market Share & Forecast

11.3.4.2.1.          By Component

11.3.4.2.2.          By Deployment Mode

11.3.4.2.3.          By End User

11.3.4.2.4.          By Network Functions

11.3.5.     Turkey 5G Core Market Outlook

11.3.5.1.             Market Size & Forecast

11.3.5.1.1.          By Value 

11.3.5.2.             Market Share & Forecast

11.3.5.2.1.          By Component

11.3.5.2.2.          By Deployment Mode

11.3.5.2.3.          By End User

11.3.5.2.4.          By Network Functions

12. Market Dynamics

12.1.   Drivers

12.1.1.     Rising Demand For Cloud-Native & Service-Based Architecture

12.1.2.     Construction Of Smart Infrastructure

12.1.3.     Advancement in Network Infrastructure

12.2.   Challenges

12.2.1.     High Cost of Intial Investment

12.2.2.     Insufficient IT infrastructure

13. Market Trends & Developments

13.1.   Demand For 5g Private Network Across Enterprises, Governments, And Industrial Sectors

13.2.   Rise In Technological Development

13.3.   Government Initiatives

13.4.   Growth in adoption of cloud-based deployment model

13.5.   Adoption of 5G Across Industries

14. Company Profiles

14.1.   Affirmed Networks, Inc.

14.1.1.     Business Overview

14.1.2.     Key Revenue and Financials

14.1.3.     Recent Developments

14.1.4.     Key Personnel

14.1.5.     Key Product/Services

14.1.6.     SWOT Analysis

14.2.   NEC Corporation

14.2.1.     Business Overview

14.2.2.     Key Revenue and Financials

14.2.3.     Recent Developments

14.2.4.     Key Personnel

14.2.5.     Key Product/Services

14.2.6.     SWOT Analysis

14.3.   Cisco Systems Inc.

14.3.1.     Business Overview

14.3.2.     Key Revenue and Financials

14.3.3.     Recent Developments

14.3.4.     Key Personnel

14.3.5.     Key Product/Services

14.3.6.     SWOT Analysis

14.4.   Samsung Electronics Co. Ltd.

14.4.1.     Business Overview

14.4.2.     Key Revenue and Financials

14.4.3.     Recent Developments

14.4.4.     Key Personnel

14.4.5.     Key Product/Services

14.4.6.     SWOT Analysis

14.5.   Hewlett Packard Enterprise Development LP

14.5.1.     Business Overview

14.5.2.     Key Revenue and Financials

14.5.3.     Recent Developments

14.5.4.     Key Personnel

14.5.5.     Key Product/Services

14.5.6.     SWOT Analysis

14.6.   Nokia Corporation

14.6.1.     Business Overview

14.6.2.     Key Revenue and Financials

14.6.3.     Recent Developments

14.6.4.     Key Personnel

14.6.5.     Key Product/Services

14.6.6.     SWOT Analysis

14.7.   Oracle Corporation

14.7.1.     Business Overview

14.7.2.     Key Revenue and Financials

14.7.3.     Recent Developments

14.7.4.     Key Personnel

14.7.5.     Key Product/Services

14.7.6.     SWOT Analysis

14.8.   Telefonaktiebolaget LM Ericsson

14.8.1.     Business Overview

14.8.2.     Key Revenue and Financials

14.8.3.     Recent Developments

14.8.4.     Key Personnel

14.8.5.     Key Product/Services

14.8.6.     SWOT Analysis

14.9.   Huawei Technologies Co. Ltd

14.9.1.     Business Overview

14.9.2.     Key Revenue and Financials

14.9.3.     Recent Developments

14.9.4.     Key Personnel

14.9.5.     Key Product/Services

14.9.6.     SWOT Analysis

14.10.ZTE Corporation

14.10.1.  Business Overview

14.10.2.  Key Revenue and Financials

14.10.3.  Recent Developments

14.10.4.  Key Personnel

14.10.5.  Key Product/Services

14.10.6.  SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on Asia Pasific Region

15.2.   Key focus towards Manufacturing vertical

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Affirmed Networks, Inc., NEC Corporation, Cisco Systems Inc., Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Development LP, Nokia Corporation, Oracle Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation.

The key enabling technologies used in 5G networks include Device-to-Device (D2D) communication, Machine-to-Machine (M2M) communication, Millimetre Wave, Quality of Service (QoS), Network Function Virtualization (NFV), Vehicle-to-Everything (V2X), Full-Duplex and Green Communication.

Asia-Pacific is the fastest-growing region in the 5G Core market due to developing IT industry and government initiatives.

The 5G core provides high speeds, low latency and massive capacity, offering the potential to change what you experience with your mobile device, etc.

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